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Wednesday

30 September 2020

US Company Accepts Bitcoin Payments for Luxury Planes, as $40M Gulfstream Jet Goes on Sale | News Bitcoin News

US Company Accepts Bitcoin Payments for Luxury Planes, as $40M Gulfstream Jet Goes on Sale | News Bitcoin News


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Aviatrade Inc., a New Jersey-based aircraft sales company, is now accepting bitcoin as a means of payment for its range of multi-million dollar luxury jets.

Rushton revealed that cash-based sales for expensive luxury aircraft are subject to stringent governmental restrictions, but bitcoin, in its generic form, presented a way around this.

The firm is working with an unnamed bitcoin payment services provider who converts the digital assets into cash.

According to Rushton, Aviatrade is the “key to valuing the aircraft, providing the selling process, and interacting with the bitcoin payment provider.”.

“We actually interact with the bitcoin payment provider who will eventually produce fiat into an escrow account on behalf of the buyer and seller.

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